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>4) Investors are genuinely concerned about the behavior of the Twitter CEO, who as we all know is the Tesla CEO. Is it really surprising that making bad decisi

>4) Investors are genuinely concerned about the behavior of the Twitter CEO, who as we all know is the Tesla CEO. Is it really surprising that making bad decisions in one arena will affect outcomes in another? Is he even doing any work as the Tesla CEO? He seems to be busy tweeting 24/7

xiphias2 4y ago
I'm not a Tesla investor, but when the CEO tweeted that ,,Tesla can take care of itself'', that sounded scary. He made a $44B deal in Twitter, and he can't accept the repricing in the market that makes it worth significantly less. He owns 13% of Tesla, which is worth $50B. For him these two companies look like equal importance, while for investors Tesla is the important company.
- willnonya 4y ago
  I think this perspective is born of ignorance. A mature company doesn't rely on interactions of the ceo in day to day operations. If the right people are in place those will take care of themselves. The ceo value comes in from the strategic and big picture elements. Twitter will eventually get to this place too. The risk to both Tesla a d SpaceX is where Musk as as much as lead engineer as CEO. Distracting him from that side is where there is likely to be an impact.
  - fragmede 4y ago
    Normally, yes, but for an iconoclast like Musk, in addition to having to handle helicopter CEO-ing that takes careful management by specialized teams at both SpaceX and Tesla, there's also the unknown amount of Tesla and SpaceX engineering time that's been spent on Twitter instead. Depending on your opinions of FSD though it might be a good thing. With the rest of the auto industry finally getting into EVs, I'm sure there are strategic and big picture elements that are going unnoticed by the absentee CEO.
  - ModernMech 4y ago
    Sounds like an argument for making CEO a part time position. If Musk can be CEO of 3 companies at once and still tweet 24/7, the role of CEO seems pretty light. Like, if my day-to-day duties are so light that I can take a similar full time job at 2 other companies, and everyone gets on fine while I’m gone doing those other jobs, maybe that’s an indication I’m not really doing anything important in the first place.
    - PaulHoule 4y ago
      A lot is going to depend on how much they can delegate. If Musk trusts other people to do the work at Tesla and SpaceX he can focus his attention elsewhere.
      - ModernMech 4y ago
        Imagine if it were acceptable for me to delegate my job to my underlings, and then use the freed time to draw a salary at another company. How come only CEOs get to do that?
        rizzaxc 4y ago
        this is like saying why does rich people get to have their own maids and butlers so they never have to do any housework, and effectively double their time in a day. at the end of the day, everyone has a boss and Elon's is the general public. his stock is tanking. while you can say it's not the same as being fired as a regular employee (and it's not), he doesn't 'get to do that'

xiphias2 4y ago

I'm not a Tesla investor, but when the CEO tweeted that ,,Tesla can take care of itself'', that sounded scary. He made a $44B deal in Twitter, and he can't accept the repricing in the market that makes it worth significantly less. He owns 13% of Tesla, which is worth $50B. For him these two companies look like equal importance, while for investors Tesla is the important company.

willnonya 4y ago
I think this perspective is born of ignorance. A mature company doesn't rely on interactions of the ceo in day to day operations. If the right people are in place those will take care of themselves. The ceo value comes in from the strategic and big picture elements. Twitter will eventually get to this place too. The risk to both Tesla a d SpaceX is where Musk as as much as lead engineer as CEO. Distracting him from that side is where there is likely to be an impact.
- fragmede 4y ago
  Normally, yes, but for an iconoclast like Musk, in addition to having to handle helicopter CEO-ing that takes careful management by specialized teams at both SpaceX and Tesla, there's also the unknown amount of Tesla and SpaceX engineering time that's been spent on Twitter instead. Depending on your opinions of FSD though it might be a good thing. With the rest of the auto industry finally getting into EVs, I'm sure there are strategic and big picture elements that are going unnoticed by the absentee CEO.
- ModernMech 4y ago
  Sounds like an argument for making CEO a part time position. If Musk can be CEO of 3 companies at once and still tweet 24/7, the role of CEO seems pretty light. Like, if my day-to-day duties are so light that I can take a similar full time job at 2 other companies, and everyone gets on fine while I’m gone doing those other jobs, maybe that’s an indication I’m not really doing anything important in the first place.
  - PaulHoule 4y ago
    A lot is going to depend on how much they can delegate. If Musk trusts other people to do the work at Tesla and SpaceX he can focus his attention elsewhere.
    - ModernMech 4y ago
      Imagine if it were acceptable for me to delegate my job to my underlings, and then use the freed time to draw a salary at another company. How come only CEOs get to do that?
      - rizzaxc 4y ago
        this is like saying why does rich people get to have their own maids and butlers so they never have to do any housework, and effectively double their time in a day. at the end of the day, everyone has a boss and Elon's is the general public. his stock is tanking. while you can say it's not the same as being fired as a regular employee (and it's not), he doesn't 'get to do that'